CryptoQuant analyst: Bitcoin hoarding whales may react to panic sentiment, and the market may see a V-shaped rebound.

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Odaily Odaily News CryptoQuant analyst Mignolet pointed out that according to the analysis of the UTXO profitability percentage during the consolidation phase last year, although the current Bitcoin price is in a consolidation phase, the UTXO profitability percentage is clearly off the low point. At this time, whales who hoard coins may respond to market panic, indicating that the market may see a V-shaped rebound.

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